Prosecutors Say They Will Not Pursue a Second Trial Against FTX Founder Sam Bankman-Fried

Prosecutors have decided not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried.

In a note to Judge Lewis Kaplan on Friday, the U.S. government explained that the decision to forego a second set of proceedings had to do with the fact that much of the evidence that would have been presented in a second trial had already been submitted to the Court during Bankman-Fried’s first criminal trial.

In November, following a month’s worth of testimony from nearly 20 witnesses, a jury found the former FTX chief executive guilty of all seven criminal counts against him following a few hours of deliberation. Prosecutors added that the Court could consider the hundreds of exhibits already entered into evidence during these proceedings when he is sentenced next year.

Read the source article at NBC News